Tax Law (Questions About Taxes)/Stock sale

Questionif selling a large sum of stock ( owned several years) and you pay 20% tax. Does this amount raise the tax bracket on your salaried income? The worksheet is not that clear to me. Thanks

AnswerRuth:

You will not know for sure until you sell determine what you will be reporting for tax purposes what your finial tax rate will be. You can use a 1040 form as a guide to calculate your tax liability based on what you think you sale price of the stock will be.